. $1000 or 10% of purchase price for cash deals) - so ask the seller's rep when making the offer.

Justin, what software are you using in place of "Real Prospect"?

Originally posted by H Mann:Thanks Justin.

With inspection and financing contingencies, you're not going to get forced to buy more than one (be sure your offers say "liquidated damages", not "specific performance" just in case.)

I'm not really worried about it, but I will send those letters out just in case.

More importantly, you should be advising them to not get OO loans for investment properties, it is fraud as Mike pointed out, DOSC or not.Secondly, while there was a "title transfer" the transfer was to the same owner basically, just in his/her entity and if the investor asks the lender to do so and it is approved, they avoid ANY possibility of the DOSC.

Also, the title company rep who drafted the land trust...she is VERY CONFIDENT that she knows what she's doing.

You won't make alot of money following the crowd, there is alot of opportunity out there, not just in real estate but in many areas of our economy IMO Bill

Great advice Justin.

Thanks Justin I would like to thank you as well you give so much to the BP community and I always look for you posts.